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Learn When Your Should Outsource Your Accounting

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Should you focus on growing your core business or continue to focus on the administrative side, like managing your accounting and bookkeeping needs? Outsource accounting services can help you stay up-to-date on your books, compliant with regulations, and firmly in control of your company’s financial future. IT auditing.

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8 Benefits of Online Bookkeeping

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When you first started your company, it might have made sense to try to handle your own bookkeeping and accounting needs. Why not rely on an online accounting service to take these tasks off your plate so you can focus on your business? After all, it kept costs down.

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How Do I Pay Myself and My Taxes as a Partnership?

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Although they would rather focus on growing their business, taxes and payroll often take up too much of their valuable time. . Once you determine the amount you want to take, it can be transferred from your business bank account to your personal account. . Discuss your options with an online partnership accountant at Xendoo.

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How Do I Pay Myself and My Taxes as a Sole Proprietor?

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Payroll , however, is most likely not their passion. Once you decide on an amount to take (more on that in a moment), it can be transferred from your business bank account to your personal account. Once your DBA is set up, you can open a business bank account. Schedule a free consultation with a Xendoo accountant today!

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What happens if you get audited and don’t have receipts?

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Some examples of costs that you’ll need receipts for include: Office supplies and equipment Inventory purchases Advertising and professional services Company training and employee education Travel expenses Since this isn’t an exhaustive list, it’s best to track all your business receipts and update your records regularly.

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What happens if you get audited and don’t have receipts?

xendoo

Some examples of costs that you’ll need receipts for include: Office supplies and equipment Inventory purchases Advertising and professional services Company training and employee education Travel expenses Since this isn’t an exhaustive list, it’s best to track all your business receipts and update your records regularly.

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4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

Instead of playing phone tag with your finance professional over missing documents, you can work with an online accountant who will determine the tax deductions you qualify for and file your taxes on your behalf, so you can get back to what you love – growing your business! . Separate Personal and Business Bank Accounts.

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